adjusted book balance is $ 11090

Question 1: bank reconciliation Kesler Co. deposits all receipts intact on the day received and make all payments by cheque. On July 31, 2020 after posting was completed its cash account showed a $10932 debit bank statement showed only 10077 on deposit in the bank that day along with following information. A. Outstanding cheques, $2756 B. Included with the July cancelled cheques returned by the bank was a $ 30 debit memo for bank services C. Cheque # 919 returned with the cancelled cheques was correctly drawn for $236b in payment of the utility bill and was paid by the bank July 15. However, it had been recorded with a debit to Utilities Expense and a credit to Cash as though it were for $326. D. The July 31 cash receipts, $3671 were placed in the bank night depository after banking hours on that date and were unrecorded by the bank at the time the July bank statement was prepared. Required: a. Prepare a bank reconciliation for Kesler Co at July 31. b. Give the journal entries that Kesler Co. should make as a result of having prepared the bank reconciliation in part a Analysis: Identify whether profit, assets, liabilities and equity would be over or understated if the journal entries in part b were not recorded ex ends